Finance Ministry Targets Rp 20 Trillion from ORI030 Issuance

The Ministry of Finance (Kemenkeu) is targeting Rp 20 trillion from the issuance of the ORI030 retail government bonds. The government is offering two series, ORI030T3 and ORI030T6, which are open from 6 to 30 July 2026.

Director of Government Securities at Kemenkeu, Novi Puspita Wardani, stated that the amount of funds targeted from the securities could still change. “The indicative target for the ORI030 issuance is Rp 20 trillion. However, this target can be adjusted in line with the sales progress of ORI030 and developments in financial market conditions,” she said on Tuesday, 7 July 2026.

According to Novi, the government is confident that retail investor interest in ORI030 will remain strong. This is because the coupon rate for this series is higher compared to the previous ORI issuance.

“The ORI030 coupon of 6.90 percent for the three-year tenor and 7.00 percent for the six-year tenor offers a competitive yield, especially as it is fixed until maturity and paid monthly,” she said.

Earlier this year, Kemenkeu issued ORI029 with two series, ORI029T3 and ORI029T6. The series, issued on 26 January 2026, had coupon rates of 5.45 percent and 5.80 percent per annum respectively. The government targeted Rp 25 trillion from that series, but sales only reached Rp 14.44 trillion.

Citing the Directorate General of Financing and Risk Management website, the ORI030T3 series with a 6.90 percent annual coupon will mature on 15 July 2029. Kemenkeu has set a minimum order of Rp 1 million and a maximum order of Rp 5 billion for this series.

Meanwhile, ORI030T6, which is a retail bond for sustainable development (SDG Bond Ritel), offers a 7.00 percent coupon and will mature on 15 July 2032. For this series, the government has also set a minimum order of Rp 1 million and a maximum order of Rp 10 billion.